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Everyone is busy chasing memes while $ZEC is quietly setting up for something big.
Looking at the daily chart, we just had a solid bounce off that $214 area after a pretty long bleed. It’s currently sitting at $238.00 and up about 11% today, which is the first real sign of strength we've seen in a while.
We’ve got some overhead resistance coming up fast around the $270 mark. If the volume keeps flowing in like it is now, we might actually see a trend reversal start to take shape. The buy side of the order book is looking stacked at 68%, so there’s definitely some accumulation happening here.
I’m watching for a clean break above $245 to confirm this isn't just a relief bounce. If it fails there, we might just head back down to test the $220 support again.
#CryptoMarketBouncesBack